Salt Lick, KY—40371
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salt Lick, KY
As of Oct '25, the median home price in Salt Lick, KY is $154,000, with a year-over-year change of 7.3%. This indicates that home prices in Salt Lick, KY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $154,000 | 7.3% |
| Single Family | $154,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $129,000 | 4.0% |
3 Bed | $187,000 | 5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salt Lick, KY
Salt Lick, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Salt Lick, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Salt Lick, KY is 44. This is a increase of 104.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -22.0% |
Listing Count | 11 | 125.0% |
| Listings as % of Homes | 0.7% | 125.0% |
Days on Market | 44 | 104.0% |
Demographics — Salt Lick, KY
As of the latest ACS Survey released in 2023, Salt Lick, KY has a population of 2,590, which has decreased by -17.3% over the past 5 years. Salt Lick, KY is a popular place for families, as children make up 29.0% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,590 | -17.3% |
% Under 18 | 29.0% | 30.6% |
% Seniors | 17.0% | 15.6% |
% WFH | 3.9% | 14.7% |
% w/ College Degree | 10.0% | 23.5% |
As of the latest ACS Survey released in 2023, Salt Lick, KY is a predominantly white area, with 99.1% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Salt Lick, KY is hispanic, making up 0.3% of the population. Foreign-born residents account for 0.0% of the population in Salt Lick, KY, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 99.1% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.3% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Salt Lick, KY
According to HUD data as of 2023, there were 55 mortgage originations in Salt Lick, KY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Salt Lick, KY. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Salt Lick, KY
Salt Lick, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Salt Lick, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $154,000 |
| Median Household Income | $55,100 |